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Money laundering fraud is a dishonest activity that conceals the genuine sources and custody of unlawful monies. If you work for a bank or an insurance company, you may be familiar with it. These kind of scams might happen in any financial institution or insurance company. As a result, finance professionals with Anti Money Laundering courses and knowledge are in high demand.
Let us know about 10 Best Anti Money Laundering Courses to work in a bank!
About Money Laundering
Let us begin by knowing about Money Laundering. Money laundering is the process of taking the proceeds of illicit or unlawful activities and attempting to conceal the origins and ownership of the filthy money earned through crimes such as tax evasion, drug trafficking, racketeering, and fraud.
In general, the process consists of three steps: placement, or depositing the proceeds of crime into a bank account; layering, or moving the funds around the financial system to disguise the source of the money; and integration, or sending the money to the bank accounts of the ultimate beneficiary through a legitimate source.
We shall now be moving towards 10 Best Anti Money Laundering Courses to work in a bank.
10 Best Anti Money Laundering Courses to work in a bank
For the past several years, there has been an increase in the demand for AML personnel. Multinational banks’ compliance activities have shifted to India. TCS, Infosys, and Cognizant are among the IT behemoths in charge of international banks’ compliance operations. PwC and other professional services firms aren’t far behind in this battle. These are the 10 Best Anti Money Laundering Courses which will help you to be on another level –
- First, Vskills’ Certified AML-KYC Compliance Officer
- Also, Certified Anti Money Laundering Specialist (CAMS)
- In addition to, FinTech Security and Regulation(RegTech) (Coursera)
- Furthermore, Anti-Money Laundering (AML) Fundamentals (Udemy)
- Moreover, Roles of Money Laundering Reporting Officer MLRO (AML CFT) (Udemy)
- Additionally, Anti-Money Laundering Concepts: AML, KYC and Compliance (Udemy)
- Moreover, AML Compliance: Anti Money Laundering (AML) Online Course (Udemy)
- Also, The Ultimate Guide to Money Laundering and AML Compliance (Udemy)
- Furthermore, AML Essentials: Anti Money Laundering, KYC and Compliance (Udemy)
- Lastly, Anti Money Laundering (AML / CFT) Compliance Requirements (Udemy)
Let us dive deeper into each one of them.
Vskills’ Certified AML-KYC Compliance Officer
Vskills certification in KYC (Know Your Customer) and Anti Money Laundering Operation, is one of the first certifications in this area of banking sector. A Vskills Certified AML/KYC Officer finds employment in banking and banking ancillary firms, security and audit firms, and other small and medium enterprises.
The certification is aimed at enhancing the quality of compliance with the directions of RBI in combating illegal operations and movement of funds through the use of banking channels. KYC and Anti Money Laundering operations have assumed added importance owing to the security risk that it poses to the country, and also to maintain the financial health of the institutions.
Certified Anti Money Laundering Specialist (CAMS)
(CAMS) is known as the gold standard in the industry. Its headquarters are in the United States. It has created chapters in various parts of the globe. Many compliance officers told me about CAMS, and after finishing it, they received salary raises and reviews. This is where US Certifications shine. The fees, on the other hand, are the most significant barrier for Indian audiences. The impact of currency conversion on Indian admissions is significant.
FinTech Security and Regulation(RegTech) (Coursera)
This course, “FinTech Security and Regulation (RegTech),” can help you better understand RegTech and become more knowledgeable and articulate in your ability to interpret and provide suggestions to financial sector executives on how to respond to these developments, such as regulations for cryptocurrencies like BitCoin and Initial Coin Offerings (ICOs) (ICO). Many professors from Asia’s top business schools, as well as industry specialists, contribute to the book.
You’ll learn how FinTech and RegTech are changing and improving the finance sector, including issues with data protection and security through digital forensics, risk management, and corporate governance in the financial industry in terms of Know Your Customer (KYC) and Anti Money Laundering (AML), as well as how policymakers in different countries are responding to FinTech and RegTech initiatives.
Anti-Money Laundering (AML) Fundamentals (Udemy)
This Anti-Money Laundering Fundamentals course is designed to give applicants a thorough understanding of issues including money laundering strategies and dangers, which are important for anyone looking to start a career or develop their knowledge in the AML and enforcement field.
Money Laundering Methods, Money Laundering Risks, and Global AML and Terrorist Financing Regulations are the three sections (CFT). At the end of each module, there is a questionnaire to assess your grasp of the topics covered.
Roles of Money Laundering Reporting Officer MLRO (AML CFT) (Udemy)
The prevention of money laundering (ML) and terrorism financing (TF) is a challenge for the global financial system and financial institutions including banks and DNFBPs. Financial institutions invest millions of dollars on anti-money laundering (AML) and counter-terrorism financing (CFT) regimes. This is owing to the fact that many banks have been penalized in the past for poor CD and AML CFT oversight, causing criminals to conceal and shift their illicit funds into the banking sector.
In the fight against money laundering and terrorist financing, the Money Laundering Reporting Officer (MLRO) is a critical role. International organizations such as the Financial Action Task Force (FATF) and the AML/CFT Regulations have issued guidelines and legal standards for AML/CFT Customer Due Diligence (CDD) and Monitoring, which the MLRO and his team guarantee are followed in the company.
Anti-Money Laundering Concepts: AML, KYC and Compliance (Udemy)
Anti-Money Laundering (AML) is a course that teaches you about money laundering and terrorism financing, two of the most important concerns that financial institutions confront today. This course covers Money Laundering and Terrorist Financing Regulations, Economic Sanctions, and Politically Exposed Persons. This is a well-structured course that covers many of the essential topics for training employees in a company.
The course will begin with an overview of the term “money laundering,” followed by a discussion of the mechanism and its implications. After that, we’ll discuss terrorism financing and compare and contrast money laundering and terrorist financing. The following lectures will discuss Anti-Money Laundering regulations, KYC methods, Economic Sanctions, and Politically Compromised Individuals.
AML Compliance: Anti Money Laundering (AML) Online Course (Udemy)
Learn how to stand out from the crowd and show employers and clients your actual skill by taking this Anti Money Laundering (AML) Online Course. If you wish to learn about AML with them, you may gain the confidence, knowledge, and abilities you need to further your profession. There are a variety of venues to learn about Anti Money Laundering (AML) Online Course online, but when you choose us, you can rest confident that you will be learning from experts and using content created by industry professionals with a passion for teaching.
You will be able to apply for AML in your office or at home immediately after completing this instruction. Additionally, You’ll receive a nationally recognised degree that you may utilise to secure your ideal job or even start your own business. Also, you can develop confidence in your AML abilities and use them to enhance your online and offline profiles.
The Ultimate Guide to Money Laundering and AML Compliance (Udemy)
This is the Anti-Money Laundering and Anti-Money Laundering Enforcement Ultimate Guide. The principles and history of anti-money laundering and anti-money laundering enforcement will be covered in this course. On the learning journey, a number of relevant Money Laundering and Anti-Money Laundering subjects would be covered.
AML Essentials: Anti Money Laundering, KYC and Compliance (Udemy)
More information on anti-money laundering and AML compliance basics can be found in AML Essentials: Anti Money Laundering, KYC, and Enforcement. Also, Several major Money Laundering and Anti-Money Laundering subjects will be covered during your education.
Anti Money Laundering (AML / CFT) Compliance Requirements (Udemy)
Money laundering and terrorism funding are issues that the World Financial System must address. Anti-money laundering (AML) and counter-terrorism financing (CFT) policies cost banks and other financial organizations millions of dollars to maintain. Furthermore, The Financial Action Task Force (FATF) has issued advice for its members to improve their anti-money laundering and counter-terrorist financing legislation and systems. This course will make you aware of the same.
These were the 10 Best Anti Money Laundering Courses to work in a bank. We hope this article helped you to choose the best certification matching your needs.
